The southwest monsoon accounts for 70 per cent of India's annual rainfall and is crucial for the agricultural sector of the economy. The primary sector has been valued at Rs 18 lakh crore or 11 per cent of India's GDP in 2016.

At 1:00 pm, the Sensex was trading 128 points higher at 38,015 level. Meanwhile, the Nifty was trading 18 points higher at 11,468 level. It hit all-time high of 11,495 level in early trade. While the Sensex has gained 11.67% since the beginning of this year, Nifty rose 9% during the same period this year.

Business confidence slides in the first quarter of 2018/19 as businesses feel the pinch of GST and brace for policy inaction and higher interest rates, finds the latest Business Today-C fore Business Confidence Survey.

IMD in its second stage forecast issued on May 30 predicted 101% rainfall for July and 94% rainfall in August, bringing joy to farmers as these are the most important months for the production of kharif crops.

Paytm, Flipkart effect! E-commerce market sees M&A deals worth $2.1 bn in 2017According to data from Grant Thornton, India's e-commerce industry inked as much as 2.1 billion dollars worth of merger and acquisition transactions in 2017. The e-commerce industry saw 21 deals worth 2,112 million dollars in 2017 with participation from players like Paytm and Flipkart. However, number of transactions and value was lower compared to 2016 which witnessed deals worth 2,224 million doll...